JPMorgan Chase & Co. $JPM Shares Sold by Carr Financial Group Corp

Carr Financial Group Corp reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,901 shares of the financial services provider’s stock after selling 156 shares during the period. Carr Financial Group Corp’s holdings in JPMorgan Chase & Co. were worth $1,711,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JPM. Foster Victor Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 2.2% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 8,301 shares of the financial services provider’s stock worth $2,350,000 after acquiring an additional 175 shares during the last quarter. Evanson Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 28.6% during the second quarter. Evanson Asset Management LLC now owns 5,661 shares of the financial services provider’s stock worth $1,641,000 after purchasing an additional 1,259 shares during the period. Chronos Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Chronos Wealth Management LLC now owns 41,187 shares of the financial services provider’s stock worth $11,941,000 after buying an additional 125 shares during the period. EWG Elevate Inc. raised its position in JPMorgan Chase & Co. by 14.6% during the 2nd quarter. EWG Elevate Inc. now owns 1,556 shares of the financial services provider’s stock worth $451,000 after buying an additional 198 shares during the last quarter. Finally, RVW Wealth LLC boosted its holdings in shares of JPMorgan Chase & Co. by 18.2% in the 2nd quarter. RVW Wealth LLC now owns 4,715 shares of the financial services provider’s stock valued at $1,367,000 after acquiring an additional 727 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research reports. HSBC restated a “reduce” rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Hsbc Global Res downgraded JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Truist Financial lifted their price target on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a “hold” rating in a research report on Tuesday, September 23rd. Phillip Securities lowered JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 16th. Finally, Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $297.17.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $316.12 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The company has a fifty day moving average of $298.96 and a two-hundred day moving average of $271.99. The stock has a market capitalization of $869.25 billion, a PE ratio of 16.22, a P/E/G ratio of 2.08 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $317.81.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter in the previous year, the company earned $6.12 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be paid a $1.50 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.73%.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.